Excerpt from the Book

I had a daunting task
explaining to my daughter and co-author the path American politicians
must take recovering the economy. She had many questions, one of
which was, why is each American in debt for about $60,000? Katherine
hasn’t begun working and paying taxes, so obviously, Katherine is
perplexed with the economic predicament she will inherit. “Could these
problems have a solution?” she asked. In order to answer her questions,
I wrote this précis as though Katherine were running for the office of
president. Acting as her senior political campaign strategist, I planned a
platform Katherine may choose. The issues discussed concern
Americans in short, lucid paragraphs within subchapters of which no
presidential candidates in 2012 or in this current 2016 presidential race has properly articulated.

Brought to light are
other atrocities so that they may be recognized and not falsely omitted in
history books by other countries. We went one step further, asking and
answering questions with solutions. Though it is not a panacea, it is a
start, helping a young mind see the political discord in Washington DC.

America’s spending and debts are the forefront of US politics.
President Obama deviated from committing to a financial plan
stabilizing the country expenditures and liability. Mitt Romney evaded
important issues. Both allocated no time for properly producing policy
changes to lower increasing debenture obligations. For starters, the
Affordable Care Act must go, with certain benefits given to the disabled
incorporated into Medicaid and Medicare. Government overspending
has left the country in arrears.

In order for the economy to properly function, the debt burden on
the people must come down. If not, it will take another eight years—into
2021—for the average American to properly see wealth. The chairman
of the treasury feels the economy is doing better, and homeowners are
seeing higher values in homes. Therefore, it is warranted interest rates
go up. I strongly disagree! If the prices on homes increase, the interest
rates have to come down. If the fed rates Increase homeowners debt obligation up to 50k must be dissolved. Why? Higher interest rates on the average home (i.e, New York), won't help move the market economy. Homeowners will see less value on higher city taxes; underwriters associated with the big banks will all devalue home prices whereby they lend less. If you bought your home in 2005 for $405K, it is in today's market (per the city guidelines) not worth more than $455k. Home buyers will not be willing to pay more than 4 percent on a 30 year mortgage for homes closing in on half a million when the economy is still stagnant.

The women in my family will vote for Mrs. Hillary Rodham Clinton
to be nominated by her party and elected as the first female president in
2016 if she so chooses to run as a candidate for the office of the
president. Mrs. Clinton has not asked for an endorsement. America is
thirty-six years behind Great Britain in placing a remarkable woman in
the Oval Office. Former secretary Clinton has been outstanding. Her
mettle, poise, and qualifications as a diplomat, both foreign and
domestic, speak for themselves. Mrs. Clinton’s success will be seen as a
harbinger and conciliate certain GOP members in what Katherine refers
as a “nation-friendly president and the century for women.”

To win the 2016 election, Mrs. Clinton’s argument must include
lower taxes, a method in which America’s debt is paid, and decreasing
unemployment while growing the economy. Mrs. Clinton may concede
the new health care plan, placing parts of it into already established
social programs and lowering the deficit. It is idiotic comparing
Benghazi to Watergate. What senseless reporting. If Republicans pry into
Benghazi, prattling in a childlike manner, I offer these words. It is not a
prerequisite helping a nation when civilians aren’t immune to conflict.
How then are diplomats immune?

With furbish’d arms and new supplies of men began a fresh assault. —Macbeth, Act 1, Scene 2

Sergeant As whence the sun ‘gins his reflection Shipwrecking storms and direful thunders break, So from that spring whence comfort seem’d to come Discomfort swells. Mark, king of Scotland, mark: No sooner justice had with valour arm’d Compell’d these skipping kerns to trust their heels, But the Norweyan lord surveying vantage, “With furbish’d arms and new supplies of men Began a fresh assault.”

What's the difference between Benghazi and John Christopher Stevens and the Jonestown Massacre when the United States Congress sent Congressman Ryan, who in a retalitory manner was assassinated? None! The only thing these two men have in common are war torn countries once ruled by dictators. The House Committee on Foreign Affairs and their colleagues capitalize on Benghazi, seeking consistency and impatiently screaming their expectations to have a synopsis and verifiable narrative reports. They are agitated men with uncontrollable dribble seeping out their mouths like Senator McCain and acting frat brother Lindsey Graham, both Republicans. No! The solution to Benghazi is that all Congress encompass blame not just Hillary Clinton. The lady may have had to protect CIA operatives without exposing them. After all, the title of Secretary of State does not mean one acts irresponsible like Edward Snowden, right?

The Republican nominees for president in 2016 may be rival Jeb
Bush, Paul Ryan, Rand Paul, or Mark Rubio. As of now, they are lacking
in knowledge, experience, and foreign and domestic diplomacy. The
Republicans through Paul Ryan failed the American people by not
forwarding a debt formula. The candidates owe their constituents
preparedness and must prove worthiness to hold office of the presidency
by having a well-thought-out plan.

The family members feel President Obama is an excellent adversary
on terror and a supporter of education and women’s issues. He is also a
benevolent person. Mr. Obama is not faulted for acting through any
surveillance devices in the best interest of national security. On the
contrary, I may be livid if he did not take precautionary measures. If one
isn’t conducting mischief, what is one fearful of hiding?

That said, President Obama did not have the knack or a cohesive
strategy, negotiating, budgeting, and creating fewer expenditures. For
example, when declaring refinancing on homes, all homeowners’ first
and second mortgages needed to be considered, thus leaving the IRS
with fewer itemized deductions and forwarding refunds. This may have
also aided the people’s monthly budgets. Cutting debt to levels of 2010
gives a consensus no improvement is forthcoming. During his tenure,
foreign debts—especially to China—must be paid off. Both he and
Congress continue reinforcing financial firms while $5 billion mistakes
are made.

Katherine will run as a Liberal Democrat with a message of "resolve, growth and prosperity." Liberal Democrats often draw upon constitutional rights, protecting civil liberties. An interesting question arises: what changes in legislation may Katherine Renee Ramnarine enact if elected president of the United States? A series of relevant problems needs to be addressed immediately, as in laws passed. Congress and the president shall not prate over legislation or deter progress at any given time and across party lines regarding employment for citizens. As president in a recession, Katherine, in a balanced approach, will gradually award stimulus packages to states progressing with infrastructure, social development, and employment.

When feckless politicians articulate "Are you better off now than four years ago?" the appropriate answer is yes. Why? The process we find ourselves in has a sequence of events, such as the financial crisis, which has yet to play its hand completely. The presidency is an institution, an ongoing cycle I define as a progressive "state of affairs."

"Are you employed?" is a classic case of targeting a recession in a false way. Once unemployment has bottomed or stabilized, it is agreeable that progress has been forthcoming. If prosperity is false, further economic decline will be imminent. Fundamentally, companies may merge, becoming better subsidized and equity stable through a recession as corporate America survives. Why do I say this? Recessions may affect every sector in a different time period. No one can predict which way the economic pendulum will swing. One must note population growth has helped produce more unemployment. I opine that the federal government cannot accurately estimate jobs lost within any private sector and match those numbers by creating equal jobs. The private sector must be more responsible. If others cringe at welfare, they need not make the underprivileged a political issue.

There were no solutions in our political system, balancing yearly budgets with enough surpluses or working capital to keep America out of debt should wars and natural disasters arise. Instead, they continuously broke down entitlements people paid into. Citizens were later told trillions of dollars had been removed from social programs. Solutions to debt obligations, unemployment, health insurance, collection of taxes, retirement, and infrastructure repair were no longer interests of politicians. Katherine's administration will attempt forecasting a solution for the nation's problems.

What if I said, depending on current income tax brackets, that some folks would be tax exempt, while other high-income earners progressively pay 4 -20 percent in taxes? Those earning millions and billions of dollars must pay a high 20 percent tax rate. Some in the same lower-income category may be taxed at the same rate, but due to how much they earn, they will ultimately pay more. This has nothing to do with wealth but what each taxpayer can afford. If one is earning $25K anually at a 4 percent tax rate, withholdings will be $1K. If a person, single or married, earns $75K a year, his or her tax obligation is also a 4 percent tax, which will equal $3K. The state will have its own formula.

1. Capital gains will be taxed at 25 percent.

2. Estate tax will be 15 percent for values above $2 million.

3. The charity deduction may remain upwards of $250,000.

4. Allowable gifting level will be lowered to $10,000.

5. The child tax credit is optional, as a tax exemption is allowed from $0 to $21,000.

Sample flat-tax brackets

1. Income of $0 - $21,000 will be tax exempt.

2. Income of $21,001 - $80,000 may pay 4 percent tax.

3. Income of $80,001 - $250,000 may pay 8 percent tax.

4. Income of $250,001 - $999,999 may pay 15 percent tax.

5. Millionaires will pay a flat 20 percent tax.

6. Billionairs will pay a flat 20 percent tax.

Recessionary tax toward the debt of social entitlement tax

1. Income of $21,000 - $39,999 will pay $365.

2. Income of $40,000 - $150,000 of earnings will pay $730 a year.

3. Income of $150,001 - $999,999 will add 0.75 percent of earnings.

4. Income over $1 million contributes 0.50 percent of earnings.

5. Income of $1 billion and up contributes 0.50 percent of earnings.

These tax brackets apply to single, married, head of household, and so on. What does this mean? Folks are taxed according to amounts they earn within their tax bracket.

Corporations will receive a cut in future taxes once they pay for manufacturing plants, negotiate with states, and stimulate growth by competing for business. My expectation; they yiels,contributing and additional $1 billion toward infrastructure rebuilding. Taxing offshore accounts may be neately wrapped up into 10-17.5 percent. For example: American companies, if not several, having $1 trillion in a foreign account taxed @ 10 percent; the government will see $100 billion.

Canceling debts due to white collar crime, when laws created have failed must be priority. Why do we have such high unemployment? Why are people foreclosing on homes? No security measures are in place for housing, finance, and employment. In present-day America, people's property rights were recklessly violated, and financial systems almost collapsed as deregulation from the Reagan years finally took its toll. New securities were introduced, enforced by Congress as the US Securities and Exchange Commission cannot make changes, such as deregulating laws without congressional approval.

The executive branch has the ability to make changes which are currently nonexistent under the Obama administration. The SEC remains an independent agency. Why, when enormous diurnal trading mistakes involving monetary funds occur? There shall be no statutory of limitations prosecuting cases of securities fraud. One can only wonder why the too-big-to fail banks continue to initiate IPOs (initial public offerings) raising capital through the selling of preferred shares when the US government is enforcing the financial firms with more funds. Why is the United States Committee on Banking, Housing & Urban Affairs allowing this to happen when the people need extra funds?

How do we supplement America's middle class? One option is stock, not useless fractional shares given to employees working for a publicly traded company. Why? As we have seen when a large company fails, the people's 401(k) savings are also wiped out. The 401(k) plans should be FDIC insured up to half a million per employee. As president, a fiscal policy must be created allowing for added revenue. Labor and economic stability will be the end results of Katherine's bill titled the Worker's Act. Accordingly, this may show how the economy can be stimulated,tax brackets lowered, debt paid down, and social entitlements saved from austerity measures.